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The He Dreiht offshore wind farm delivers its first MWh as the German auction model stalls, offering EnBW and its institutional investors a strategic showcase.
Amid an expected LNG surplus from 2026, investors are reallocating positions toward the EU carbon market, betting on tighter supply and a bullish price trajectory.

Berlin plans to acquire 25.1% of TenneT Germany by early 2026

Germany plans to finalise the €5.8bn ($6.34bn) purchase of a 25.1% stake in TenneT Germany to strengthen its control over critical national power grid infrastructure.
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Hungary increases oil product exports to Serbia to offset the imminent shutdown of the NIS refinery, threatened by US sanctions over its Russian majority ownership.
Global South Utilities is investing $1 billion in new solar, wind and storage projects to strengthen Yemen's energy capacity and expand its regional influence.

Ørsted and ESB secure 900 MW offshore contract off the coast of Ireland

The Irish government has provisionally awarded development rights for the Tonn Nua offshore site to the Ørsted-ESB joint venture under a 20-year contract supporting a 900 MW project.
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Tokyo Gas and Okaya & Co. will begin construction in December 2025 of a 25 MW/75 MWh battery energy storage system in Hokkaido, with commercial operations expected in 2028 or later.
Türkiye and South Korea have signed a memorandum of understanding to jointly explore nuclear power plant projects, marking a strategic step in the long-term development of Türkiye's energy infrastructure.

Pemex increases domestic refining despite continued decline in crude oil production

Faced with falling oil production, Pemex is expanding local refining through Olmeca, aiming to reduce fuel imports and optimise its industrial capacity under fiscal pressure.
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ENEOS Renewable Energy will develop two solar installations totalling 4MW on a decommissioned JR Hokkaido line, under a power supply agreement signed with the railway company and the regional electric utility.
Axiom Oil and Gas is suing Tidewater Midstream for $110mn over a gas handling dispute tied to a property for sale in the Brazeau region, with bids due this week.

RWE commissions 300 MW solar and storage project in Texas

RWE has commissioned a project combining 200 MW of solar and 100 MW of battery storage in Milam County, Texas, addressing the growing electricity demand and expanding its operations in the United States.
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Brazil’s state oil company will reduce its capital spending by 2%, hit by falling crude prices, marking a strategic shift under Lula’s presidency.
TotalEnergies has finalised the sale of its 12.5% stake in Nigeria’s offshore Bonga oilfield for $510mn, boosting Shell and Eni’s positions in the strategic deepwater production site.

Asian Development Bank opens nuclear energy financing to developing countries

Asian Development Bank has amended its energy policy to enable funding for civil nuclear projects in developing member countries across the Asia-Pacific region.
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Norway plans up to $740mn to fund verified emission reductions, supporting Senegal’s entry into cooperation frameworks under the Paris Agreement.
British International Investment and FirstRand partner to finance the decarbonisation of African companies through a facility focused on supporting high-emission sectors.

Ghana restructures its power sector around domestic gas to contain deficit

The Ghanaian government is implementing a reform of its energy system focused on increasing the use of local natural gas, aiming to reduce electricity production costs and limit the sector's financial imbalance.
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EDP has launched operations of a rooftop solar plant at Johnson Electric’s site in Asti, targeting an annual output of 400 MWh to strengthen the manufacturer’s energy autonomy and stabilise electricity costs.
Serbia is preparing a budget law amendment to enable the takeover of NIS, a refinery under US sanctions and owned by Russian groups, to avoid an imminent energy shutdown.
Nuvve Holding Corp. plans three 2MW battery installations in Eastern Zealand to strengthen the Danish grid and optimise revenues through its proprietary software platform.
HS Hyosung partners with Umicore to produce silicon anodes, a key material for next-generation batteries, through a €120 mn investment to strengthen its position in energy storage.

LG Energy Solution enters aerospace sector with South 8 Technologies

LG Energy Solution partners with South 8 Technologies to develop lithium-ion batteries capable of operating at -60 °C, strengthening its position in the space sector alongside KULR Technology Group and NASA.
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Masdar commits to developing a 300MW/600MWh battery storage system in Uzbekistan, marking a major step in modernising the national grid and securing investments in renewable energy.
Jabil and Inno will co-develop a 15,000 sqm plant in Rayong, Thailand, to manufacture metal enclosures for battery energy storage systems, aiming to enhance vertical integration and secure supply chains.

Adani Group invests in a mega battery storage project in Khavda

Adani Group launches a 1126 MW project in Khavda, marking its first entry into energy storage, with one of the largest BESS systems ever built at a single site.
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Kuwait is preparing a battery storage project with a capacity of up to 6 GWh to stabilise its power grid and address rising electricity demand.
Quino Energy secures $16mn in funding to scale global production of its organic electrolytes, with strategic support from investor Atri Energy Transition.

Envision and Statera partner on 680MW storage project in the United Kingdom

China's Envision Energy will supply a 680MW battery storage system to UK-based Statera Energy as part of the Carrington project, one of the largest in the country to reach financial close.
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Girasol Energy begins grid-scale battery aggregation with two facilities totalling 4MW in Japan, marking a strategic expansion into balancing markets.
Driven by the recovery in the raw materials market, CBAK Energy posted a sharp rise in revenue in the third quarter, while its battery business enters a complex industrial transition.

Daiwa, Fuyo and Astmax commission 100MWh battery storage system in Sapporo

Daiwa Energy & Infrastructure, Fuyo General Lease and Astmax have commissioned a 50MW/100MWh battery storage station in Sapporo, marking their entry into Japan’s large-scale energy storage market.
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Sonnedix has started construction on a 125MWh battery storage system at its 30MWAC Oita solar site, with commercial operation planned for November 2026 and a JPY21.4bn ($142mn) financing secured.
Tamagawa Energy has completed the acquisition of a 2MW/8MWh battery site in Kagoshima for JPY690mn ($4.57mn), marking its entry into grid-scale storage.

Tokyo Asset Solution deploys 13.2MWh of storage in Tokyo and Kumamoto

Tokyo Asset Solution invests in two storage projects, including a standalone site in the Japanese capital, marking its entry into the large-scale sector with national and international partners.
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LEAG Clean Power and Fluence Energy will build a 4 GWh battery energy storage system in Germany, marking a major step in the industrialisation of storage capacity at a European scale.
Plus Power secured $160mn in tax equity investments from Morgan Stanley to fund two battery storage facilities in Massachusetts and Maine, the largest ever developed in New England.

Pylontech opens subsidiary in Australia to support energy storage investments

Chinese manufacturer Pylontech strengthens its international investment strategy by launching a local entity in Australia to accelerate the deployment of its energy storage solutions.
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Chinese supplier HiTHIUM enters the Israeli market with a strategic agreement to deploy 1.5GWh of long-duration energy storage alongside El-Mor Renewable Energy.
GridStor has inaugurated its first energy storage facility in Texas, a 220 MW battery, designed to support the ERCOT grid and respond to the rapid increase in industrial demand in the state.